Sprint (NYSE:S) Receives Hold Rating from Barclays

Barclays reiterated their hold rating on shares of Sprint (NYSE:S) in a research report sent to investors on Friday, January 19th. They currently have a $5.00 price objective on the cell phone carrier’s stock.

Several other analysts have also recently commented on the stock. Zacks Investment Research upgraded shares of Sprint from a hold rating to a buy rating and set a $8.25 price objective for the company in a research note on Tuesday, October 10th. Vetr cut shares of Sprint from a strong-buy rating to a buy rating and set a $5.90 price objective for the company. in a research note on Thursday, January 4th. UBS Group reiterated a buy rating and issued a $7.50 price objective (down previously from $9.00) on shares of Sprint in a research note on Monday, November 6th. Macquarie reiterated a hold rating and issued a $8.00 price objective on shares of Sprint in a research note on Thursday, October 26th. Finally, KeyCorp cut shares of Sprint from a sector weight rating to an underweight rating and set a $5.50 price objective for the company. in a research note on Monday, November 6th. Nine equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company. Sprint has an average rating of Hold and a consensus target price of $6.11.

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Shares of Sprint (NYSE S) traded down $0.03 during trading hours on Friday, hitting $5.27. 7,368,059 shares of the stock traded hands, compared to its average volume of 19,566,061. The stock has a market capitalization of $21,100.00, a P/E ratio of 3.05 and a beta of 0.64. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25. Sprint has a 1-year low of $4.91 and a 1-year high of $9.44.

Sprint (NYSE:S) last issued its earnings results on Friday, February 2nd. The cell phone carrier reported ($0.02) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.02. The business had revenue of $8.24 billion for the quarter, compared to the consensus estimate of $8.19 billion. Sprint had a net margin of 21.41% and a negative return on equity of 0.94%. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.46) earnings per share. sell-side analysts forecast that Sprint will post 1.76 earnings per share for the current fiscal year.

In other news, major shareholder Group Corp Softbank acquired 5,039,477 shares of the business’s stock in a transaction dated Monday, December 18th. The stock was acquired at an average price of $5.60 per share, with a total value of $28,221,071.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Paul W. Schieber, Jr. sold 144,041 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $5.74, for a total transaction of $826,795.34. Following the completion of the transaction, the vice president now directly owns 204,168 shares of the company’s stock, valued at approximately $1,171,924.32. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 58,397,765 shares of company stock valued at $336,943,820 and have sold 549,707 shares valued at $3,196,239. Insiders own 0.18% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC grew its holdings in Sprint by 1.2% in the second quarter. Advisory Services Network LLC now owns 69,627 shares of the cell phone carrier’s stock valued at $572,000 after purchasing an additional 802 shares during the period. PNC Financial Services Group Inc. grew its holdings in Sprint by 4.6% in the second quarter. PNC Financial Services Group Inc. now owns 43,611 shares of the cell phone carrier’s stock valued at $359,000 after purchasing an additional 1,898 shares during the period. Private Advisor Group LLC grew its holdings in Sprint by 15.2% in the second quarter. Private Advisor Group LLC now owns 23,134 shares of the cell phone carrier’s stock valued at $190,000 after purchasing an additional 3,048 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in Sprint by 12.1% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 44,213 shares of the cell phone carrier’s stock valued at $363,000 after purchasing an additional 4,771 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in Sprint by 52.7% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 21,976 shares of the cell phone carrier’s stock valued at $180,000 after purchasing an additional 7,585 shares during the period. Hedge funds and other institutional investors own 13.77% of the company’s stock.

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About Sprint

Sprint Corporation (Sprint) is a holding company. The Company, along with its subsidiaries, is a communications company offering a range of wireless and wireline communications products and services that are designed to meet the needs of consumers, businesses, government subscribers and resellers. It operates through two segments: Wireless and Wireline.